Contextual financial awareness is imperative for any Retailer to make profitable business decisions. Despite the rapid advent of digital platforms for most front-end Retail operations, the back office remains a crucial cog in the Retail wheel. Thus, there is a real need for an enterprise-wide system that compiles real-time data and uses the best digital protocols to enable business managers an in-depth and 360-degree view leading to better decision making and reliable financial health checks. The ask becomes even greater in a multi-store, multi-channel, multi-ownership format (COFO, COCO, FOFO) scenario where automation of financial information is necessary to eliminate tedious manual processes that are prone to human induced errors.

Xeno REMS provides a robust and proven Financial Management System that supports regulatory compliance and enables business decision makers to execute timely and accurate decisions positively impacting profit optimization.

The Financial Management System enables business managers to customise their financial systems as per local laws. In fact, even in case of variation of regulations due to multiple geographies, managers can still have a consolidated picture of financial statements.

• Budgeting (sales, purchase, finance)
• Reconciliation (franchise invoice, normal, bank transactions)
• Central/local pricing control
• Inventory reconciliation
• Inter-company transactions
• Store accounting
• Payables & receivables
• Tax & statutory compliance
• Consignment management (sales, purchase)